Air Purifier Market overview
The Air purifier market is witnessing rapid revenue growth. Increasing sale of portable air purifiers is a major driving force behind the market growth. Besides, the rising use of portable air purifiers in residential and commercial setups pushes the market value.
As of the latest available data in 2022, the Air Purifier Market Size was estimated to be valued at USD 6.3 billion. However, according to projections, the industry is expected to experience substantial growth in the coming years. It is projected to reach USD 7.0 billion in 2023 and further expand to USD 13.4 billion by the year 2030. This growth trajectory signifies a remarkable compound annual growth rate (CAGR) of 11.4% during the forecast period from 2023 to 2030.
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Market Growth and Drivers:
Increasing Awareness: Growing concerns about indoor air quality, especially in urban areas with pollution issues, led to greater awareness of the benefits of air purifiers.
Pandemic Impact: The COVID-19 pandemic further boosted the market, as people sought ways to improve indoor air quality and reduce the spread of airborne viruses.
Market Players
Top listed global companies in the industry are:
• Sharp Corporation (Japan)
• Dyson (Singapore)
• Panasonic Corporation (Japan)
• Honeywell International Inc (US)
• Unilever (UK)
• Midea Group (China)
• Xiaomi Inc (China)
• COWAY CO. LTD (South Korea)
• Koninklijke Philips N.V. (the Netherlands)
• Blueair (Sweden)
• Daikin Industries Ltd (Japan)
• LakeAir (US)
• Samsung (South Korea)
• IQAir (Switzerland)
• Broad Group (China)
• AB Electrolux (Sweden)
• Whirlpool Corporation (US)
• YADU Int’l Technology (Beijing) Co. Ltd (China)
• BONECO AG (Switzerland)
• Austin Air (US)
• Airgle Corporation (US)
• Rabbit Air (US)
• Airdogusa (US)
• Levoit (US), among others
Challenges and Future Trends:
Price: Some high-quality models can be expensive, which might limit adoption for budget-conscious consumers.
Effectiveness Claims: Consumers might face confusion due to varying claims about performance and technology effectiveness.
Sustainability: The environmental impact of filters and energy consumption is a growing concern.
Air Purifier Market – Segmentation
Air Purifier Product Outlook (USD Million, 2018-2030)
· HEPA Purifiers
· UV Air Purifiers
· Activated Carbon Air Purifiers
· Ion & Ozone Generator Air Purifiers
· Others
Air Purifier Sales Channel Outlook (USD Million, 2018-2030)
· Offline
· Online
Air Purifier Regional Outlook
· North America
· Europe
· Asia-Pacific
· Rest of the World
Industry/ Innovation/ Related News
• December 2020 Development:
In December 2020, Zeco Aircon made a significant announcement regarding their air purification technology. The company introduced an innovative air purification system capable of destroying harmful viruses, including COVID-19 and SARS-CoV-2.
• June 2021 Development:
In June 2021, Panasonic Corporation made advancements in its air purification technology with the announcement of a new nanoe X device. This latest device was capable of generating 100 times more Hydroxyl (OH) radicals compared to their traditional nanoe device.
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